Business For Sale · Land

247 DUNNETTE LANDING ROAD, Alnwick/Haldimand

247 DUNNETTE LANDING ROAD, Alnwick/Haldimand, ON K0K2X0

$1.9M total

—

Asset Class

Land

Size

—

Building class

A

Zoning

UR — Urban Reserve

$ / SF

—

Occupancy

98%

Lot Size

25.339 ac

About this property

Attention To Developers And Investors: Motivated Seller! Rare Opportunity To Own This One-of-kind 25.339 Acres Property With 1150 Ft Shoreline On The Southern Shores Of Rice Lake. Including: One Newly Renovated Brick Bungalow W/ 3 Bedrooms 2 Baths, 20 Previous Cottages Sites, 15 Rv Sites, 1 Laundry/Showing Facility, One Store, 8 Separate Hydro Meters With 700 Voltage Power Supply. $100K Spent During Past Year On Renovation And Updated Well Equipment And Power Supply. Could Be The Trailer Park And Cottage. The Annual Income Reaches $200K Easily. Scenic Creek On The Northern Boundary Of The Land, With Amazing 1150 Ft Shoreline On The South. Year-Round Municipal Maintained Rood. Stunning Views Of The Sun Rise & Sun Set. Great Fishing, Boating With Direct Access To The Trent Severn Waterways! An Oasis With Scenic Trailers, Forrest And Beautiful Creek On The Property. Only 1 Hour 20 Mins Drive From Toronto, 30 Mins To Cobourg, 35 Mins To Peterborough. Endless Possibilities For Waterfront Development On This Gently Sloped Land. Easy Access To Highway 401, A True Gem For You To Discover. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.89M
Down payment30% · $566K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$96K

Annual cash flow

$-8K

Cash-on-cash

-1.49%

DSCR

0.92

Going-in cap

5.10%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

96,053

Households

37,060

Median income

$66,000

Median age

35.8

Daytime population

135,204

5-yr growth

7.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 247 DUNNETTE LANDING ROAD, Alnwick/Haldimand.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.